Nifty
Bank Nifty poised to lead rally into July
The US markets continued the positive data with consumer confidence climbing to highest levels since January 2022, new home sales jumped 12.2 per cent to highest levels since February 2022, and lastly home prices were up 0.9 per cent in April for the top 20 cities in US.
Buying in heavyweight stocks pushes Indian markets to all-time high
The market's bullish momentum was further supported by strong FII inflows and a narrowing current account deficit, both of which positively impacted investor sentiments. The gains were widespread, with pharma and metal sectors leading the way as top performers, outshining others, Nair said.
NIFTY falls short of intraday lifetime high by a whisker, correction to follow
The new level was 63,523.15 points on BSESENSEX and 18,856.85 points on NIFTY. BSESENSEX at the end of the week lost 405.21 points or 0.64 per cent to close at 62,979.37 points while NIFTY lost 160.50 points or 0.85 per cent to close at 18,665.50 points. The broader indices saw BSE100, BSE200 and BSE500 lose 1.10 per cent, 1.10 per cent and 1.09 per cent respectively.
State polls may make markets nervous: Dhiraj Relli, MD & CEO, HDFC Securities
The upward trajectory is owing to a combination of factors such as good FY23Q4 corporate results, foreign institutional investors (FIIs), and also due to the domestic investor interest. "However, the markets may start getting nervous ahead of the next round of state elections due in November/December," he told IANS in an interview.
Indian stock markets reach close to 52 week high levels
The Nifty of the NSE opened at 18,723.30 and touched a high of 18,864.70 to close at 18,826 points. The 52-week high point was 18,887.60. Similarly, the Sensex of BSE opened at 62,960.73, touched a high of 62,520.36 and closed at 62,917.63 points. The highest level was 63,583.07 points.
Markets close on high note; Nifty heading towards lifetime high
During the day, the Nifty touched a high of 18,641.20 and a low of 18,581.25 and closed at 18,598.65. "The Nifty held on to steady gains to end higher on May 29. At close, the Nifty was up 0.54 per cent or 99.3 points at 18,598.7. Volumes did not expand even as the Nifty kept surging higher," Deepak Jasani, Head of Retail Research, HDFC Securities said.
Banking stocks likely to lead market rally
Sandeep Gupta, Senior Group VP & Head of Dealing & Advisory - Broking & Distribution, MOFSL said the Index made a new all-time high of 44,483 mark on Monday, compared to its previous high of 44,151 made in December 2022. Gupta said earning momentum continued for banking stocks as most banks reported strong results.
Mid and small-cap stocks faring better than large caps in India: Expert
"In the current financial year both mid cap index and small cap index have outperformed Nifty 50. This is primarily due to mean reversion. However, we believe in looking at a portfolio from a diversified perspective," Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited, told IANS.
Markets in 'Now or Never' mood for new lifetime highs
BSESENSEX gained on three of the five trading sessions, lost on one and remained flat on the fifth session. BSESENSEX gained 772.01 points or 1.25 per cent to close at 62,501.69 points while NIFTY gained 295.95 points or 1.63 per cent to close at 18,499.35 points. The broader indices like the BSE100, BSE200 and BSE500 gained 1.80 per cent, 1.95 per cent and 1.87 per cent respectively. BSEMIDCAP was up 2.49 per cent while BSESMALLCAP was up 1.39 per cent.
Markets to remain range bound
BSESENSEX lost 298.22 points or 0.48 per cent to close at 61,729.68 points while NIFTY lost 111.40 points or 0.61 per cent to close at 18,203.40 points. The markets saw the broader indices like the BSE100, BSE200 and BSE500 lose 0.59 per cent, 0.58 per cent and 0.48 per cent respectively. BSEMIDCAP lost 0.19 per cent while BSESMALLCAP gained 0.44 per cent.
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